Alginates and Derivatives Market Overview
The alginates and derivatives market refers to the industry involved in the production, distribution, and sale of alginate compounds and their various derivatives. Alginates are a group of naturally occurring polysaccharides found in brown seaweeds, primarily consisting of mannuronic acid and guluronic acid residues. They are widely used in various industries due to their unique properties, including thickening, gelling, stabilizing, and film-forming capabilities.
Alginates and their derivatives, derived from brown seaweed, exhibit remarkable versatility and have established themselves as indispensable multifunctional ingredients across a variety of industries. Sodium alginate, a key derivative, showcases its adaptability in numerous applications spanning from culinary endeavors to agricultural practices. In the culinary field, alginates function as essential gelling, thickening, and stabilizing agents, enabling the creation of diverse textures and presentations in foods ranging from sauces to desserts.
Alginates and Derivatives Market Forecast
The alginates and derivatives market size is estimated at USD 494 million in 2023 and is projected to reach USD 651 million by 2028, at a CAGR of 5.7% from 2023 to 2028.
Factors Driving the Alginates and Derivatives Industry Growth
Alginate, a natural polysaccharide extracted from brown seaweed, offers a remarkable range of functionalities due to its gelling, thickening, biocompatible, and encapsulating properties. These functionalities translate into a vast array of applications across various industries.
• Food Industry: Alginate excels as a gelling agent in desserts, dairy products, and meat products. It also acts as a thickening and stabilizing agent in sauces, dressings, and texturizer for various food items, improving texture and mouthfeel. Additionally, alginate films with good water retention properties extend the shelf life of fruits and vegetables.
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